This property looks like a bad Airbnb investment with a projected -30.87% first-year return on $363k initial cash invested.
-30.87%
Cash On Cash
-0.19%
Cap Rate
-0.03
DSCR
$3,654
Rent
-$9,330
Cashflow
Cash Flow
$3,654 income − $12,984 expenses = $9,330 out of pocket
Investment Breakdown
|
Purchase Price
$1641k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$363k
Downpayment
20%
$328k
Closing costs
1%
$16,413
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$12,984
Mortgage P&I
244%
$8,927
Property Taxes
45%
$1,655
Home Insurance
18%
$648
HOA
0%
$0
Property Management
15%
$548
CapEx
4%
$146
Vacancy
0%
$0
Maintenance
4%
$146
Other
25%
$914